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The global personal protective equipment (PPE) market size stood at USD 80.38 billion in 2022. The market value is poised to rise from USD 83.91 billion in 2023 to USD 116.51 billion by 2030 at a CAGR of 4.8% during 2023-2030.
Fortune Business Insights™ presents this information in its report titled “Personal Protective Equipment (PPE) Market Size, Share & COVID-19 Impact Analysis, By Product (Hand Protection, Eye & Face Protection {Safety Spectacles, Safety Goggles, Welding Shields, Face Shields, and Head Gear}, Hearing Protection {Ear Plugs, Cap Mounted Earmuffs, and Hearing Bands}, Protective Clothing {Chemical Defending Garment, Flame-Retardant Apparel, High Visibility Clothing}, Respiratory Protection {Air Purifying Respirators (APR) and Supplied Air Respirators}, Protective Footwear, Fall Protection {Soft Goods, Hard Goods, Full Body Harness, Rescue Kits, and Body Belts}, Head Protection, and Others), By End-use Industry (Manufacturing, Construction, Automotive, Oil & Gas, Healthcare, Food, Chemical, Transportation, and Others), and Regional Forecast, 2023-2030”.
Essential for worker safety, PPE acts as a vital shield against hazards, playing a key role in both emergency response and recovery efforts. The surge in the industrial head protection market can be attributed to a growing preference for eco-friendly materials. As companies adopt sustainable practices and source raw materials such as fossil fuels for safety helmets, there is a heightened demand for personal protective equipment that aligns with environmental safety standards, driving overall personal protective equipment (PPE) market growth.
Export Bans and Trade Restrictions During COVID-19 Pandemic Obstructed Market Growth
More than 20 economies implemented export bans and trade restrictions, adding to the hurdles faced by the PPE market. These measures hindered the smooth flow of personal protective equipment products across borders, limiting the availability of essential protective gear where it was needed most. The trade barriers impacted the quantity of PPE and also contributed to increased pricing, making it more challenging for healthcare organizations and consumers to procure the necessary protective equipment at reasonable costs.
Honeywell International Inc. Raised Production and Manufacturing of N95 Masks To Meet the Growing Demand for Masks
In March 2021, in response to the heightened demand for masks during the COVID-19 pandemic, Honeywell International Inc. significantly increased the production of millions of N95 masks in the U.S. The company expanded manufacturing activities at its Smithfield to meet the surge in demand for respiratory protection.
Growth in the Construction Industry to Propel Market Growth
The flourishing infrastructure and construction projects in key markets such as the U.S., China, and India create substantial opportunities for PPE market expansion. With a surge in construction activities and a notable focus on safety regulations, there is an increasing demand for personal protective equipments to mitigate risks and ensure worker well-being.
However, the market faces hindrances due to a lack of consumer awareness regarding workplace hazards, coupled with the sale of substandard and inexpensive PPE.
Key Industry Focus on Strategic Diversification and Innovation to Address Global Health Crises
Key industry players are prioritizing strategic measures such as new product launches, mergers, and partnerships to bolster their presence in the market. In response to the COVID-19 pandemic, companies such as Medicom and IREMA Ireland swiftly expanded their mask production capacities, underlining the industry's adaptability and commitment to addressing global health crises.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/personal-protective-equipment-ppe-market-102015
List of Key Players Profiled:
Key Industry Development
April 2021 – Cummins Inc. and DuPont collaborated to address N95 respirator mask shortages during the global COVID-19 pandemic. Their NanoNet and NanoForce Media technology, incorporating DuPont's Hybrid Membrane Technology (HMT), safeguards heavy-duty diesel engines and also enhances N95 masks, aiding healthcare professionals in combating the spread of COVID-19.
Further Report Findings:
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Unit | Value (USD Billion) |
Growth Rate | CAGR of 4.8% from 2023 to 2030 |
Segmentation | By Product
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By End-use Industry
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By Region
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